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Financial News: Amended: German Ifo Business Confidence Weakens In October

Amended: German Ifo Business Confidence Weakens In October

10/26/2020 - 06:00:00 (RTTNews)

(RTTNews) - Corrected third and fourth paragraphs

German business sentiment weakened in October, reports said citing survey data from ifo Institute on Monday.

The business climate index fell to 92.7 in October from revised 93.2 in September. The reading was below economists' forecast of 93.0.

Assessment of current situation improved, while expectations deteriorated in October.

The current conditions indicator rose to 90.3 from 89.2 a month ago. The expected level was 89.8.

The expectations indicator came in at 95.0. The score was forecast to fall to 96.5 from September's initially estimated 97.7.

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